New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-02
10 AID STOCK EXCHANGE TRADING.
RECOMMENDATIONS TO THE GOVERNORS.

NEW RULES SUBMITTED BY THE COMMITTEE On
DULSEss "-pIFFEREST OPINIONS
At special meeting OF the Governing Committee oil
the Stock Exchange yesterday the report OF tns sub
committee. popularity known the Committee On Dur
ness was acted upon. Important amendments TO the
constitution OF the Exchange were adopted, but
opinisus about their practical effect were wide apart
The trading for the is optional and the reduc-
ton in the commission rate Is apparent rather than real
The amendments will be voted upon by the members OF
the Board before they become operative The changes
involve Auditing Committee OF tve which shall nave
general supervision OF dealings for the account The
committee viii hold weekly meetings and tue members
will receive S. each every meeting they attend The
regulations dealings for the account are as follows
section 2Ths fifth twentieth days OF each month are
Ssss Tor The account shall ne am
aSa % s s 81 sas a %%n .n month on
on SATURDAY or % aay wen r... sSa 5s made on tie
bushes. day thereafter The account h. sIps al a..
the shall At the opening OF business
section s-A purchases and for the account shall be
entered upon blanks furnished BY the seeie tor
sns ' , DpI's a saq 'id before
i shall be the duty Of the AnaS 70 % AN, 10
found tho parties making such error, before $50 tns
called for a ONES. PaIiie. in ,rro. mus, At
opes proceed 70 o me nc sy ss
saa es paid ~ for S III, 9sss and 20 h
s,scma "ra oI , s' ~. ns for that pur
% sd dstv.rs 70 Ss AaaItor before 10 80 N ma
Auditor shall cause sad draft u correct 70 De ,ep.ea :.
section s~A stocks loaned for the account
shall be in the statements TO the Auditor The ZANE
as purchase or sale and shall ,. subject 10 eau ~ e'Asr
6At Or before M Ps1s. sho savs 10, Dor
tend said balances on their Al The oosng " pfiee
wr9ns to borrow or loan said stock b.lSsees cs,s
bid price such otsia eiehS oia p.se zee, s1 Te mn
etn oted in that portion Of the Exchange got apart Tor
section -Noticss borrowed loaned stock durnr the
and for receipt or al cas-. ne se e on -
deliversd Al the AUDITING Department q, or before 30
renewed AL stock loans made for the ao-
s1 pryps 70 esss seItns ay asG Sns SesSSd be-
members must 10 entered the statements 10 the
section s~A transactions for the account must be
Ss same da, ether 5sw.cn neSer. o. ia the
end Of the Exchange roon after o'clock BY their
section sH6n transaction, made for tn. all dvi
contracts day that the transfer books close for such
Section ioNeIt account Members who make contracts
curing 70! the mex! mus. no, sDs, nsa
DAY Of the said of scoeun,
acton. the before the
section I-stock balance shown by the statsuent.
reRssrea io cash setting days mus. Is asve'ei ana P.
Auditor. before rs But when failure 10 20
construed &c feiisvs pAties the
action from their abilities 10 each other.
l2-Wheneyera membsr falls 10 the balance
due his statement by 1890 N TIE adtor shah poy
the presiding officer Of the Exchange whose duty shall DC
the stock balances >howa by the state
delin be boakhtia sold ont er the
tie parties IL interest On
pro In member al add.
ona csus-d ny errors sputes ssnens "a
shall be pad within h0ur iron the time non
cation Of the otherwise the party win 90 oonsdereh as
Der may be unable irzasacDns made
account. shall make statement Of his trAnsstoas
audited day deliver IL 20 the Auditor or 10 TIE
presiding on GER OF the EIchsRge
i3be rnle notice. time and place mat
defaults other contracts Sa Apply ~ @nsAtoa
account
section l4-ns Auditor assistants employed by him
In the Auditors once are prohibited from recevg any se
OH evidences Of y~lpe except
checks ard drafts bereineorr me1ouel 10 hre inles
I5-The Aufns Department shall re- eve cents
100 shares shown ~ the statements sn
Oano said be catered and collected oH -aeh
Stocks OF the Of so or less shan par
Ia charges
section l6-Eeier the Exchange Of ia members.
(eIcep making the The Auditor not
assistants him sna ee Responsible for -ny
made statements 70 the Auditor ou the errors
settled and adjusted oetWeen the nsunO~rs
Auditor skzl peset refusal 10 comply
rules the presiding ocer Of tbs Ekchzhge
II The OF commi.ssn 4nsActsas TOT the
shall be ll6 cent and such H-ssoh sa be
OF the contract into the SUGGESTING
On received or delivered On settlement dsy
mzda
The only other business done at the meeting was 20
defeat the request 10 adjourn over Saturday.